I think a market correction like that would be great. It would be like the dot.com bubble, shake out all the old and useless tech...
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I think a market correction like that would be great. It would be like the dot.com bubble, shake out all the old and useless tech...
Oh, this one will be much more than a market correction and it "looks like" the SPY/SPX will be the firt one to top out. 1 moth ago teh RUT was so far behind I didn't think there was any way it was going to get finished off. I doubt it happens today but if the compooterized trading wizards can hold things in until tomorrow then Fri has a very good chance of being "black' Fri.
I dont know exactly when but I do believe a global currency reset will be forced by default in the near future
One of the things that I thunk was going to happen before complete crash n burn was that the bank stocks would all mae new 52 week highs. BAC will be the first major U.S. bank to implode imo. Janet put the kabash on it today.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=bac&x=57&y=14&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
The move lower in market driven rates was also an over-reaction to the Janet news so I would imagine this will be coming back to at least retest this low it just set and maybe that will send teh banks up on their final journey.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=tlt&x=53&y=12&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11